POTENTIAL REVERSAL

I usually don't post during market hours, but it is looking like this market is getting ready to move lower. We are a little over half way through the trading day. The market is currently up about 132 points (Dow). We are hitting some major resistance here. The Dow Transportation Index is up only fractionally. The financial stocks are mostly flat. The VIX is at a major support area. The volume is very low. Although the market is up, very few stocks are participating. These are all signals of a potential reversal. We'll see if the market cooperates. SINA looks like a good bearish trade. It should move down to around $84 within the next few weeks. The options on SINA are very expensive. I'm recommending the Oct. 92.50/97.50 Bear Put Spread. If you don't know how to do this spread, plan on taking my Course 2 class on advanced option strategies. That spread will get the cost of the trade down to about $2.80 per contract...and still have the potential for a 100% return. Email me at jerry@myoptionmagic.com if you are interested.